indian economy general questions

31.

Non Tax revenues can be increased by improving the working of the

A.     State Road Transport Corporations
B.     electricity boards
C.     commercial irrigation projects
D.     All of the above
Answer & Explanation

Answer: Option C

Explanation:

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32.

Which of the following is not viewed as a national debt?

A.     Provident Fund
B.     Life Insurance Policies
C.     National Saving Certificate
D.     Long-term Government Bonds
Answer & Explanation

Answer: Option C

Explanation:

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33.

The condition of indirect taxes in the country’s revenue is approximately

A.     70 percent
B.     75 percent
C.     80 percent
D.     86 percent
Answer & Explanation

Answer: Option D

Explanation:

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34.

Deficit financing means that the government borrows money from the

A.     RBI
B.     local bodies
C.     big businessmen
D.     IMF
Answer & Explanation

Answer: Option A

Explanation:

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35.

Revenue of the state governments are raised from the following sources, except

A.     entertainment tax
B.     expenditure tax
C.     agricultural income tax
D.     land revenue
Answer & Explanation

Answer: Option C

Explanation:

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